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Automatically categorises status - implements postponement & enrolment.
enterpriSe Pensions Auto-Enrolment
The introduction of compulsory pension reforms for all workers requires auto-enrolment into pension schemes.
Our pensions software module automatically categorises the pension status (eligible / non eligible jobholders and entitled workers) and implements automatic postponement and enrolment with links to NEST, NOW, Welplan and Peoples pensions schemes. A continuous development programme ensures we are also one step ahead of any new legislation.
Here are some Pensions auto-enrolment Top Tips
It is an offence for employers to encourage staff to opt out or to discriminate against potential employees on the grounds that they are likely not to opt out
Plan & budget early. Prepare for additional costs (employer contributions, additional admin costs, upgrading payroll systems, collecting and paying contributions and retaining the required records).
See if your existing scheme meets government requirements. Assess the advantages and disadvantages of different schemes. Look at the impact on retaining and recruiting employees
Sort out a means of communicating with employees
Make sure your payroll and HR systems are able to cope with any extra administration.
You must register online with the Pensions Regulator within four months of your staging date to confirm you have fulfilled their obligations